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Russian banking system quite reliable for keeping capitals - Shuvalov

“It is possible to keep it (money), and I believe that it is quite right to keep the money at the Russian banks,” he noted

MOSCOW, April 1 (Itar-Tass) – Russian First Deputy Prime Minister Igor Shuvalov believes that the Russian banking system is quite reliable for keeping the capitals.

“With those current macroeconomic figures in Russia, those fundamental foundations in our country and with the current situation in the Russian banking sector, probably today we are one of the most reliable economies, which has a reliable banking system to keep the monetary funds,” Shuvalov said in the program Voskresny Vecher (Sunday evening) on the television channel Rossiya 1 on Sunday.

“It is possible to keep it (money), and I believe that it is quite right to keep the money at the Russian banks,” he noted.

Shuvalov stated with regret that the Russian economy cannot give credits with the same interest rates as those in Europe yet. He could not say when the interest rate will be reduced.

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